Competing with On Deck
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  1. #1
    Senior Member Reputation points: 47257
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    Competing with On Deck

    I have a deal, merchant is already with On Deck. He is looking for something less expensive. He is a catering business, does around $2.5 mill a year in sales.

    Thanks

  2. #2
    Senior Member Reputation points: 227882
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    Industry?

    What's the credit?
    What's the collateral?

  3. #3
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    Quote Originally Posted by skideeppow View Post
    I have a deal, merchant is already with On Deck. He is looking for something less expensive. He is a catering business, does around $2.5 mill a year in sales.

    Thanks
    QuarterSpot

  4. #4
    Senior Member Reputation points: 24139
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    Have you tried us? We don't beat them every time, bur we should usually be competitive; but know each firm will each have their own weighting for risk variables; but on a paper, we should be very competitive; overall, we will be pretty similar on annualized rate APR we now should Offed a longer term than they offers and more extensive product features such as our monthly pay loan or specialized loans for specific seasonal businesses
    Carl Fairbank
    Founder & CEO boldMODE
    www.boldmode.com
    Carl@boldmode.com
    Founder & former CEO of Breakout Capital (sold to SecurCapital in 2019)
    www.breakoutfinance.com

  5. #5
    Senior Member Reputation points: 54989
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    if for whatever reason the A paper shops decline to make an offer..(I've seen the A paper guys walk away from caterers) we would be happy to take a look....
    Marcus Clapman | Business Development | Cresthill Capital
    (High Commissions Payout Group)
    覧覧覧覧覧覧覧覧覧覧覧覧覧
    Tel: 917-521-6528 | Fax: 212.671.1473
    Email: bizdev@cresthillcapital.com
    http://www.cresthillcapital.com

  6. #6
    Member Reputation points: 10
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    Jul 2017
    Location
    FL
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    35

    If you can't secure a MCA for this Client.
    Please consider us, we are happy to look at funding service related deals (such as caterers), if Client has A/R.
    ABL or A/R Financing is a much Less Expensive financing option, and does Not pull fees from Client bank account.

    AmeriFactors Financial Group is a direct lender and has funded over $5BILLION since 1990.
    We offer:
    • NON-Recourse A/R Factoring
    • PO Funding
    • Asset Based Lending (ABL)
    • SBA Loans

    We pay brokers RECURRING monthly RESIDUAL commissions.

    Send me a pm or give me a call or email.

    Rob Brownell
    Amerifactors Financial Group
    215 Celebration Place, Suite 340, Celebration, FL 34747
    p: 772-419-8606
    e: rbrownell@amerifactors.com
    w: www.amerifactors.com

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